Searches And Hires
The plan made six commitments totaling more than $900 million.
The investments and commitments total more than $650 million across public equity and private markets.
The plan placed its sole global equity manager on watch in the second quarter.
The fund’s $45 million in assets are currently invested in a balanced portfolio.
The firm will be responsible for the plan’s private equity, private credit, private infrastructure and private real assets portfolios.
The plan adopted a new non-U.S. equity structure last month for diversification purposes.
The administrator will be responsible for more than $231 million in retirement assets.
The plan hired one new manager and retained four in its search.
The retirement system will interview six managers at a special board meeting next month.
The plan received four proposals to an RFP issued in June.
